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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
70 Independence Group NL
Notes to the consolidated financial statements
30 June 2016
(continued)
1 Segment information (continued)
(c) Segment revenue
A reconciliation of reportable segment revenue to total revenue is as follows:
2016
$'000
2015
$'000
Revenue from external customers
411,941
494,433
Other revenue from continuing operations
1,247
893
Total revenue
413,188
495,326
Revenues for the Long Operation are all derived from a single customer, being BHP Billiton Nickel West Pty Ltd.
Revenues for the Jaguar Operation were derived from a single customer during the year.
Revenues for the Tropicana Operation were derived from various customers during the year.
(d) Segment net profit (loss) before income tax
A reconciliation of reportable segment net profit before income tax to net (loss) profit before income tax is as follows:
2016
$'000
2015
$'000
Segment net operating profit before income tax
20,514
123,298
Interest revenue on corporate cash balances and other unallocated revenue
1,247
893
Unrealised gains on financial assets
2,396
1,467
Share-based payments expense
(819)
(2,949)
Other corporate costs and unallocated other income
(17,349)
(11,363)
Borrowing and finance costs
(64)
(1,385)
Acquisition and other integration costs
(65,137)
-
Total net (loss) profit before tax
(59,212)
109,961
(e) Segment assets
A reconciliation of reportable segment assets to total assets is as follows:
2016
$'000
2015
$'000
Total assets for reportable segments
2,376,477
984,610
Intersegment eliminations
(616,812)
(389,508)
Unallocated assets:
Deferred tax assets
219,427
130,517
Listed equity securities
4,989
15,524
Cash and receivables held by the parent entity
18,967
75,812
Office and general plant and equipment
4,343
3,268
Total assets as per the balance sheet
2,007,391
820,223
Independence Group NL
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